Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Operating Segments

Provided below is information about our revenues, significant segment expenses, and reportable segment Adjusted EBITDA, together with a reconciliation of reportable segment Adjusted EBITDA to loss before income taxes.

	Three Months Ended March 31,
	2026						2025
	Americas		International		Total		Americas		International		Total
Revenues	$	1,962	$	568	$	2,530	$	1,907	$	523	$	2,430
Significant segment expenses:
Operating (a)	1,090		316				1,064		274
Vehicle depreciation and lease charges, net (b)	532		132				533		132
Selling, general and administrative	223		101				200		87
Vehicle interest, net	197		32				177		33
Reportable segment Adjusted EBITDA	$	(80)	$	(13)	$	(93)	$	(67)	$	(3)	$	(70)
Reconciliation of reportable segment Adjusted EBITDA to loss before income taxes:
					2026						2025
Reportable segment Adjusted EBITDA					$	(93)					$	(70)
Non-vehicle related depreciation and amortization					58						55
Interest expense related to corporate debt, net:
Interest expense					5						2
Other fleet charges					—						390
Restructuring and other related charges					35						22
Transaction-related costs, net					4						—
Other (income) expense, net					6						6
Other segment expenses (c)					1						1
Corporate and other (d)					138						131
Loss before income taxes					$	(340)					$	(677)

__________

(a)Excludes other segment expenses.

(b)For the three months ended March 31, 2025, excludes other fleet charges related to the disposal of certain fleet within our Americas reportable segment.

(c)Cloud computing costs for the three months ended March 31, 2026 and March 31, 2025, respectively.

(d)Consists of unallocated corporate expenses which are not attributable to a particular reportable segment. For the three months ended March 31, 2026 and 2025, includes $104 million and $95 million of interest expense, respectively.

Schedule of Geographic Segment Information

Provided below is information about our segment assets.

	Americas		International		Unallocated Assets (a)		Total
Three Months Ended March 31, 2026
Property and equipment additions	$	14	$	6	$	21	$	41
As of March 31, 2026
Assets exclusive of assets under vehicle programs	7,281		2,906		277		10,464
Assets under vehicle programs	16,371		3,768		—		20,139
Net long-lived assets	1,497		789		195		2,481
Year Ended December 31, 2025
Property and equipment additions	$	79	$	36	$	103	$	218
As of December 31, 2025
Assets exclusive of assets under vehicle programs	7,070		2,951		285		10,306
Assets under vehicle programs	17,312		3,639		—		20,951
Net long-lived assets	1,470		805		191		2,466

__________ 

(a)Includes unallocated corporate assets which are not attributable to a particular reportable segment.